Terra’s (LUNA) The popular hit by predicting the collapse from the summit correctly cryptocurrency investor Algod is the next one to crash altcoin STEPN (GMT) He said he expected it to happen.
Algod Correctly Predicted Terra Altcoin Will Crash
As it is known, he was one of the biggest critics of Algod Terra and has said many times that the UST/LUNA mechanism is unsustainable.
In addition, as we previously reported, Algod Terra founder also made a bet with Do Kwon. Claiming that the LUNA price will be above $ 88 in March 2023, Do Kwon most likely lost this claim.
At the time of this writing, the LUNA price contains many zeros after the comma. Algod also said that Do Kwon lost the bet and must pay them.
The next altcoin to hit Algod’s radar was STEPN (GMT). GMT, a Solana-based “move-to-win” token, gained popularity this year.
Algod Claims GMT Will Die
In a statement on Twitter, Algod said that the STEPN token does not offer any value to buyers.
According to Algod, a mechanism where users earn altcoins by walking or running is largely unsustainable and will eventually fail.
$gmt is the next shitcoin that will die. it’s the new $axs of 2022. Will short with size at a good time.
People making hundreds of dollars with walking on the expense of clueless buyers, it’s absurd.
— Algod🫐 (@AlgodTrading) May 17, 2022
Algod opened up about his thoughts on GMT as follows:
“People are making hundreds of dollars walking on the backs of unaware token buyers, which is absurd.”
In addition, the analyst said that he aims to open a short position for the GMT token at the right time.
Algod announced that the “new” GMT token Axie Infinity” he claimed. The AXS token suffered a major setback after the hacking events this year.
*Not investment advice.